Compagnie Ivoirienne d'Électricité (CIE) Balance Sheet Health
Financial Health criteria checks 3/6
Compagnie Ivoirienne d'Électricité (CIE) has a total shareholder equity of F CFA38.4B and total debt of F CFA113.6B, which brings its debt-to-equity ratio to 295.7%. Its total assets and total liabilities are F CFA524.3B and F CFA485.9B respectively. Compagnie Ivoirienne d'Électricité (CIE)'s EBIT is F CFA17.0B making its interest coverage ratio 4. It has cash and short-term investments of F CFA71.3B.
Key information
295.7%
Debt to equity ratio
XOF113.63b
Debt
Interest coverage ratio | 4x |
Cash | XOF71.29b |
Equity | XOF38.42b |
Total liabilities | XOF485.87b |
Total assets | XOF524.29b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CIEC's short term assets (F CFA374.3B) do not cover its short term liabilities (F CFA409.0B).
Long Term Liabilities: CIEC's short term assets (F CFA374.3B) exceed its long term liabilities (F CFA76.9B).
Debt to Equity History and Analysis
Debt Level: CIEC's net debt to equity ratio (110.2%) is considered high.
Reducing Debt: CIEC's debt to equity ratio has reduced from 849.1% to 295.7% over the past 5 years.
Debt Coverage: CIEC's debt is not well covered by operating cash flow (17.2%).
Interest Coverage: CIEC's interest payments on its debt are well covered by EBIT (4x coverage).